Dr Doom Nouriel Roubini Says Most US Banks Near Insolvency
Image of Nouriel Roubini courtesy of the World Economic Forum. Nouriel Roubini, the renowned economist who predicted the 2008 financial crisis, has issued a grim assessment of the state…
German Debt Hits All-Time High
On Wednesday, the German Federal Statistical Office (Destatis), released data showing that the nation’s public debt hit a new record of €2.37 trillion ($2.6 trillion) by the end of 2022.…
In Britain, Warnings Of Empty Shelves In Supermarkets
On Tuesday, Reuters reported that amid record food price inflation and soaring energy costs in Britain, now an unprecedented shortage of fresh vegetables may force UK consumers to endure empty…
Richard Branson’s Virgin Orbit To Lay Off Almost All Staff
Following a failed mission to launch a payload into orbit, Richard Branson’s satellite launch company has announced it will be slashing 675 jobs, almost the entirety of its workforce, due…
India And Malaysia Ditch Dollar, Will Settle Trade In Rupees
On Saturday, the Indian Ministry of External Affairs (MEA) released a statement announcing that India and Malaysia have struck a deal to settle their trade obligations in Indian rupees. The…
Musk Seeks Dismissal Of Dogecoin Lawsuit
On Friday, Tesla CEO Elon Musk petitioned a US Judge to toss out a $258 billion lawsuit by investors which accused the tech magnate of attempting to inflate the value…
Another $126 Billion Flows Out Of US Banks
During the week ending March 22nd, Federal Reserve data showed depositors pulled another $126 billion out of US banks. The outflows also shifted institution classes, this time being withdrawn from…
Apple Gets $502 Million Patent Infringement Verdict Thrown Out
On Friday, a US appeals court threw out a $502 million verdict against Apple Inc which had been won by patent licensing company VirnetX Inc, over an internet privacy technology.…
Ford To Increase Prices Of F-150 Lightning EV Truck To Offset Cost Increases
In the latest in a series of price hikes seeking to offset high costs, on Thursday Ford Motor Company yet again raised the prices on some models of its new…
IMF Chief – Globalization Is Not Benefiting Everyone Equally
On Thursday, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned that as the world economy has globalized, it has led to unfair distributions of wealth between nations and peoples.…
